Q: good morning question my father inlaw set up a s trust for his family for the business he owned
he is now deceased but his wife is still alive and she wants change it she thinks its unfair
please let me know
thank you
A:
The devil is always in the details. In general, the trust can only be changed by the grantor (the one who created it). Once the grantor passes away, the trust is as it is.
However to fully address the issue it would be best to give all relevant documents to a lawyer for review. The answers regarding powers and duties of the Trustee fall within the text of the trust as well as any documents which may govern how the business is organized.
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